Wildhorse Resource Development Corp (NYSE:WRD) – Equities research analysts at Imperial Capital boosted their FY2017 EPS estimates for shares of Wildhorse Resource Development in a research note issued to investors on Wednesday. Imperial Capital analyst I. Haas now forecasts that the oil and natural gas company will earn $0.36 per share for the year, up from their prior estimate of $0.35. Imperial Capital currently has a “Outperform” rating on the stock. Imperial Capital also issued estimates for Wildhorse Resource Development’s Q4 2017 earnings at $0.18 EPS and FY2018 earnings at $1.03 EPS.

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A number of other equities research analysts have also weighed in on the company. Zacks Investment Research raised Wildhorse Resource Development from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Sunday, January 21st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $29.00 target price on shares of Wildhorse Resource Development in a research report on Tuesday, January 9th. ValuEngine raised Wildhorse Resource Development from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Barclays lifted their target price on Wildhorse Resource Development from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, November 20th. Finally, BMO Capital Markets set a $21.00 target price on Wildhorse Resource Development and gave the company a “buy” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $20.33.

Shares of Wildhorse Resource Development (WRD) opened at $18.77 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1,900.00 and a price-to-earnings ratio of 41.71. Wildhorse Resource Development has a 1 year low of $10.36 and a 1 year high of $21.43.

Wildhorse Resource Development (NYSE:WRD) last issued its earnings results on Wednesday, November 8th. The oil and natural gas company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. The business had revenue of $122.50 million during the quarter, compared to analyst estimates of $117.89 million. Wildhorse Resource Development had a return on equity of 1.24% and a net margin of 8.88%. The firm’s revenue for the quarter was up 269.0% on a year-over-year basis.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WRD. Janus Henderson Group PLC bought a new position in shares of Wildhorse Resource Development in the 3rd quarter worth $5,801,000. Ameriprise Financial Inc. raised its position in shares of Wildhorse Resource Development by 503.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 438,945 shares of the oil and natural gas company’s stock worth $5,430,000 after acquiring an additional 366,168 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Wildhorse Resource Development by 13.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,670,558 shares of the oil and natural gas company’s stock worth $20,665,000 after acquiring an additional 203,933 shares in the last quarter. State Street Corp raised its position in shares of Wildhorse Resource Development by 97.5% in the 2nd quarter. State Street Corp now owns 356,656 shares of the oil and natural gas company’s stock worth $4,411,000 after acquiring an additional 176,082 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Wildhorse Resource Development by 243.7% in the 2nd quarter. Northern Trust Corp now owns 233,593 shares of the oil and natural gas company’s stock worth $2,890,000 after acquiring an additional 165,626 shares in the last quarter. 95.72% of the stock is owned by hedge funds and other institutional investors.

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Wildhorse Resource Development Company Profile

WildHorse Resource Development Corporation is a holding company. The Company is an independent oil and natural gas company. The Company is focused on the acquisition, exploitation, exploration and development of oil, natural gas and natural gas liquid (NGL) resources in the United States. Its assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and single-well rates of return.